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Definition of activity center
a segment of the production or service
a repetitive action performed in fulfillment of business functions
the process of detailing the various repetitive actions that are performed in making a product or
A method of budgeting that develops budgets based on expected activities and cost drivers – see also activity-based costing.
planning approach applying activity drivers to estimate the levels and costs of activities necessary to provide the budgeted quantity and
A method of costing that uses cost pools to accumulate the cost of significant business activities and then assigns the costs from the cost pools to products or services based on cost drivers.
A relatively new method advocated for the
a process using multiple cost drivers to predict and allocate costs to products and services;
A cost allocation system that compiles costs and assigns
a discipline that focuses on the activities incurred during the production/performance process as the way to improve the value received
a measure of the demands on activities and,
hours, machine hours or volume of production
Ratios that measure how effectively the firm is managing its assets.
an activity that is necessary for the operation of the business but for which a customer would not want to pay
The location of five New York futures exchanges: Commodity
a responsibility center in which the manager has
A branch warehouse containing finished goods and service
a responsibility center in which the manager
Money center banks
Banks that raise most of their funds from the domestic and international money markets, relying less on depositors for funds.
non-value-added (NVA) activity
an activity that increases the time spent on a product or service but that does not increase its worth or value to the customer
a responsibility center in which managers are responsible for generating revenues and planning and controlling all expenses
An entity within a corporation against which both revenues and costs are
pseudo microprofit center
a center for which a surrogate
real microprofit center
a center whose output has a market value
A central financial subsidiary used by an MNC to reduce transaction exposure by having
a cost object under the control of a manager
a responsibility center for which a manager is accountable only for the generation of revenues and has no control over setting selling prices, or budgeting or incurring costs
value-added (VA) activity
an activity that increases the worth of the product or service to the customer
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